Inox Green Energy Services Limited has informed the Exchange about General Updates Increase in Promoter/Promoter Group Shareholding in the Company
INOXGREEN · price
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Awaiting price reaction for this filing.
Devansh Trademart LLP, part of the promoter group of Inox Green Energy Services, bought 30,000 equity shares of the company through the open market on 9th June 2025. After this purchase, the total promoter and promoter group shareholding in the company has risen to 55.95% of the current issued capital and 56.94% on a fully diluted basis. The company disclosed this under Regulation 30 of SEBI's Listing Regulations, which requires timely disclosure of shareholding changes.
This signals continued confidence from the promoter group in the company. However, since the promoter holding is already above 55%, any further purchases will count toward the 5% creeping acquisition limit per financial year, meaning the promoter group has limited room for further open market buying before triggering an open offer requirement.